According to Wu, CoinShares noted in its October 30th market report that Bitcoin remained resilient despite the Federal Reserve maintaining interest rates and the upcoming US midterm elections, quickly rebounding after briefly dipping below $77,000 on Thursday. Current investor positioning is defensive, leveraged long premiums are narrowing, and market risk appetite remains limited. The Federal Reserve maintained interest rates at 3.75% to 4.00%, with Chairman Warsh stating that the effects of the September rate hike are beginning to appear, but without suggesting the tightening cycle is over. US September CPI rose 3.7% year-on-year, and preliminary October PMI data showed price inflation accelerating to its fastest pace since August 2022. The report also mentioned that ICE, the parent company of the NYSE, and Trade[XYZ] plan to launch a regulated perpetual contract market in the US based on Hyperliquid, but this still requires regulatory approval. CoinShares believes that despite continued pressure from inflation, stock market volatility, and geopolitical risks, Bitcoin has neither broken out of its upward trend nor experienced a significant drop; its relative resilience is a relatively positive signal in the current market. https://www.(wublock123.com)/news/coinshares-fed-holds-rates-bitcoin-resilient-ahead-us-midterms-71047